Are Wall Street Analysts Bullish on Chevron Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
0mins
Source: NASDAQ.COM
Chevron's Performance: Chevron Corporation has underperformed the market over the past year, with a 4.1% stock gain compared to the S&P 500's 23.3%, but it has outpaced the index in 2025 with a 7.9% increase. The company reported impressive Q3 results, exceeding revenue expectations and boosting investor confidence despite challenges from oil price slumps.
Analyst Outlook: Analysts maintain a strong bullish outlook on Chevron, with a consensus rating of "Strong Buy" among 22 analysts, reflecting an increase in positive ratings since three months ago. The mean price target suggests a potential upside of 13.5% from current levels, with some targets indicating up to a 26% increase.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CVX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 187.220
Low
158.00
Averages
176.95
High
206.00
Current: 187.220
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US and Iran Reach Peace Agreement to End War
- Oil Price Plunge: Following the peace agreement between the US and Iran, Brent crude futures fell 5.6% and WTI dropped 5.9% on Monday morning, indicating that the market anticipates a rebalancing of supply and demand, which could lead to declining future profits.
- Oil Stocks Reaction: Chevron Corp (NYSE: CVX) saw its stock drop 3.1%, while Conoco's decline was only about half of Brent's drop, reflecting a cautious market sentiment regarding the oil sector's outlook amidst fluctuating prices.
- Unclear Peace Agreement Details: Although President Trump announced the peace deal and Iran confirmed an immediate ceasefire, the specifics remain ambiguous, such as the handling of Iran's uranium stockpiles and potential US reparations, leaving the market uncertain about the conflict's true resolution.
- Investor Caution: With concerns over the anticipated resumption of oil supply, investors are selling off shares, and despite Chevron not being included in analysts' top stock picks, its price volatility may still significantly influence overall market sentiment.
See More
Oil Prices Plunge, Chevron Stock Declines
- Oil Price Drop: Brent crude futures fell by 5.6% and WTI by 5.9%, indicating market concerns over oversupply that could lead to declining future profits.
- Chevron Stock Reaction: Chevron (CVX) stock decreased by 3.1%, although this drop is less than oil prices, reflecting market uncertainty about future price volatility that may impact investor confidence.
- Middle East Peace Agreement Impact: President Trump announced a peace deal with Iran, reopening the Strait of Hormuz, which is expected to restore oil supply and further depress prices, affecting the global market.
- Market Uncertainty: While the peace agreement may improve supply, details remain unconfirmed, and investor concerns about future developments could lead to continued volatility in oil prices and Chevron's stock.
See More
US Stocks Surge as Oil Prices Plunge Following US-Iran Peace Deal
- Strong Market Performance: The S&P 500 index rose by 1.62%, the Nasdaq 100 increased by 2.73%, and the Dow Jones Industrial Average reached a new high, reflecting investor optimism about market prospects, particularly driven by gains in technology stocks.
- Impact of Plummeting Oil Prices: WTI crude oil prices fell over 5% to a three-month low, easing inflation expectations and pushing global bond yields lower, which provided support for the stock market, especially benefiting airline and mining stocks.
- Weak Economic Data: The US June Empire manufacturing index dropped to 5.7, below the expected 13.7, indicating signs of economic slowdown; however, the market remains optimistic about future economic recovery.
- Tech Stocks Lead Gains: Chipmakers and AI infrastructure stocks performed strongly, with the iShares Semiconductor ETF up over 4% and Western Digital soaring more than 15%, indicating a robust recovery in the tech sector and an increase in investor risk appetite.
See More
SpaceX Shares Rise While Energy Stocks Decline Amid Market Movements
- SpaceX Trading Performance: SpaceX shares rose 5% on their second day of trading at Nasdaq, following a 19% increase from its IPO price of $135 per share, indicating strong market confidence in its future performance.
- Energy Stocks Decline: Energy stocks fell as U.S. oil prices dropped 5% to near $80 per barrel due to a U.S.-Iran deal, with APA and Devon Energy both down over 3.5%, reflecting market concerns about energy demand.
- Airlines and Cruise Stocks Rally: Benefiting from lower fuel prices, United Airlines and Delta Air Lines rose over 5% and 4%, respectively, while Norwegian Cruise Line and Carnival Corporation jumped 4.5% and 4%, showcasing optimism in the recovery of the travel industry.
- Fox Acquires Roku: Fox Corporation announced its acquisition of Roku for $160 per share, leading to a 12% drop in Fox's stock despite an 11% premium, as the market remains cautious about the prospects of the merged entity.
See More
U.S. Energy Shares Decline as Crude Prices Plummet
- Crude Price Collapse: Brent crude futures fell 5.2% to $82.83 per barrel, while U.S. West Texas Intermediate dropped 5.6% to $80.09 per barrel, directly impacting energy stocks and leading to a decline in investor confidence.
- Energy Stocks Decline: Shares of Exxon Mobil (XOM) and Chevron (CVX) fell by 3% and 2.6%, respectively, with other companies like Diamondback Energy (FANG), Devon Energy (DVN), and ConocoPhillips (COP) experiencing declines between 2.8% and 3.7%, reflecting market concerns over future oil prices.
- Geopolitical Impact: The preliminary agreement between the U.S. and Iran may end the conflict and reopen the Strait of Hormuz, although analysts caution that it could take months for oil flows to return to pre-war levels, affecting the global oil supply-demand balance.
- Cautious Market Reaction: While there is growing optimism about a return to 'normalcy', analysts highlight that issues such as tankers being in the wrong locations, insufficient production facility recovery, and insurance costs will continue to hinder a rapid recovery in the oil market.
See More
AbbVie, Chevron, and Enterprise Products' Dividend Prospects
- AbbVie's Dividend King Status: AbbVie has increased its dividend for 54 consecutive years, boasting a dividend yield exceeding 3%, with seven of its twelve blockbuster drugs generating over $2 billion annually, indicating strong growth potential that is likely to drive stock price appreciation.
- Chevron's Stable Returns: Chevron has raised its dividend for 39 years, currently yielding 3.8%, and can sustain dividends and capital expenditures even if oil prices fall below $50 per barrel, showcasing robust financial resilience and attractiveness to investors.
- Enterprise Products' High Yield: Enterprise Products Partners offers a distribution yield of 5.8% and has increased its distribution for 27 consecutive years, with a strong balance sheet and 90% of long-term contracts insulated from inflation, positioning it favorably in the energy market.
- Market Volatility and Investment Opportunities: While the likelihood of rate cuts remains low due to rising inflation and a strong job market, this dynamic makes stable income investments more appealing, with high-dividend stocks like AbbVie, Chevron, and Enterprise Products becoming top picks for investors.
See More
US and Iran Reach Peace Agreement to End War
- Oil Price Plunge: Following the peace agreement between the US and Iran, Brent crude futures fell 5.6% and WTI dropped 5.9% on Monday morning, indicating that the market anticipates a rebalancing of supply and demand, which could lead to declining future profits.
- Oil Stocks Reaction: Chevron Corp (NYSE: CVX) saw its stock drop 3.1%, while Conoco's decline was only about half of Brent's drop, reflecting a cautious market sentiment regarding the oil sector's outlook amidst fluctuating prices.
- Unclear Peace Agreement Details: Although President Trump announced the peace deal and Iran confirmed an immediate ceasefire, the specifics remain ambiguous, such as the handling of Iran's uranium stockpiles and potential US reparations, leaving the market uncertain about the conflict's true resolution.
- Investor Caution: With concerns over the anticipated resumption of oil supply, investors are selling off shares, and despite Chevron not being included in analysts' top stock picks, its price volatility may still significantly influence overall market sentiment.
See More
Oil Prices Plunge, Chevron Stock Declines
- Oil Price Drop: Brent crude futures fell by 5.6% and WTI by 5.9%, indicating market concerns over oversupply that could lead to declining future profits.
- Chevron Stock Reaction: Chevron (CVX) stock decreased by 3.1%, although this drop is less than oil prices, reflecting market uncertainty about future price volatility that may impact investor confidence.
- Middle East Peace Agreement Impact: President Trump announced a peace deal with Iran, reopening the Strait of Hormuz, which is expected to restore oil supply and further depress prices, affecting the global market.
- Market Uncertainty: While the peace agreement may improve supply, details remain unconfirmed, and investor concerns about future developments could lead to continued volatility in oil prices and Chevron's stock.
See More
US Stocks Surge as Oil Prices Plunge Following US-Iran Peace Deal
- Strong Market Performance: The S&P 500 index rose by 1.62%, the Nasdaq 100 increased by 2.73%, and the Dow Jones Industrial Average reached a new high, reflecting investor optimism about market prospects, particularly driven by gains in technology stocks.
- Impact of Plummeting Oil Prices: WTI crude oil prices fell over 5% to a three-month low, easing inflation expectations and pushing global bond yields lower, which provided support for the stock market, especially benefiting airline and mining stocks.
- Weak Economic Data: The US June Empire manufacturing index dropped to 5.7, below the expected 13.7, indicating signs of economic slowdown; however, the market remains optimistic about future economic recovery.
- Tech Stocks Lead Gains: Chipmakers and AI infrastructure stocks performed strongly, with the iShares Semiconductor ETF up over 4% and Western Digital soaring more than 15%, indicating a robust recovery in the tech sector and an increase in investor risk appetite.
See More
SpaceX Shares Rise While Energy Stocks Decline Amid Market Movements
- SpaceX Trading Performance: SpaceX shares rose 5% on their second day of trading at Nasdaq, following a 19% increase from its IPO price of $135 per share, indicating strong market confidence in its future performance.
- Energy Stocks Decline: Energy stocks fell as U.S. oil prices dropped 5% to near $80 per barrel due to a U.S.-Iran deal, with APA and Devon Energy both down over 3.5%, reflecting market concerns about energy demand.
- Airlines and Cruise Stocks Rally: Benefiting from lower fuel prices, United Airlines and Delta Air Lines rose over 5% and 4%, respectively, while Norwegian Cruise Line and Carnival Corporation jumped 4.5% and 4%, showcasing optimism in the recovery of the travel industry.
- Fox Acquires Roku: Fox Corporation announced its acquisition of Roku for $160 per share, leading to a 12% drop in Fox's stock despite an 11% premium, as the market remains cautious about the prospects of the merged entity.
See More
U.S. Energy Shares Decline as Crude Prices Plummet
- Crude Price Collapse: Brent crude futures fell 5.2% to $82.83 per barrel, while U.S. West Texas Intermediate dropped 5.6% to $80.09 per barrel, directly impacting energy stocks and leading to a decline in investor confidence.
- Energy Stocks Decline: Shares of Exxon Mobil (XOM) and Chevron (CVX) fell by 3% and 2.6%, respectively, with other companies like Diamondback Energy (FANG), Devon Energy (DVN), and ConocoPhillips (COP) experiencing declines between 2.8% and 3.7%, reflecting market concerns over future oil prices.
- Geopolitical Impact: The preliminary agreement between the U.S. and Iran may end the conflict and reopen the Strait of Hormuz, although analysts caution that it could take months for oil flows to return to pre-war levels, affecting the global oil supply-demand balance.
- Cautious Market Reaction: While there is growing optimism about a return to 'normalcy', analysts highlight that issues such as tankers being in the wrong locations, insufficient production facility recovery, and insurance costs will continue to hinder a rapid recovery in the oil market.
See More
AbbVie, Chevron, and Enterprise Products' Dividend Prospects
- AbbVie's Dividend King Status: AbbVie has increased its dividend for 54 consecutive years, boasting a dividend yield exceeding 3%, with seven of its twelve blockbuster drugs generating over $2 billion annually, indicating strong growth potential that is likely to drive stock price appreciation.
- Chevron's Stable Returns: Chevron has raised its dividend for 39 years, currently yielding 3.8%, and can sustain dividends and capital expenditures even if oil prices fall below $50 per barrel, showcasing robust financial resilience and attractiveness to investors.
- Enterprise Products' High Yield: Enterprise Products Partners offers a distribution yield of 5.8% and has increased its distribution for 27 consecutive years, with a strong balance sheet and 90% of long-term contracts insulated from inflation, positioning it favorably in the energy market.
- Market Volatility and Investment Opportunities: While the likelihood of rate cuts remains low due to rising inflation and a strong job market, this dynamic makes stable income investments more appealing, with high-dividend stocks like AbbVie, Chevron, and Enterprise Products becoming top picks for investors.
See More
